Biden’s China Investment Restrictions Won’t End Long Lasting U.S.-China Business
Forbes.com
By Drw Bernstein
Excerpt:
Drew Bernstein, co-founder and co-chairman, Marcum Asia contributed an article to Forbes.com. The topic is the new executive order that affects U.S. investment in high-tech Chinese companies, specifically in semiconductors and microelectronics, quantum information technologies, and artificial intelligence.
As explained on Forbes, skeptics say Washington and Beijing are on the verge of a major split. But like a marriage of fifty years, a breakup is far more onerous than finding a way to stick together. Neither side will want to downgrade their lifestyle, for which they have become interdependent, so something will have to give. When it comes to trade and investment, both countries have too much in common to part ways over temporary geopolitical tensions.
While it’s certainly a rough time, a certain amount of patience, understanding and endurance will eventually reap the benefits of this long term partnership. It won’t be easy and it won’t be quick, but there are still ample opportunities for both investors and businesses to flourish – even with the new restrictions announced by the Biden administration.